DFX Intelligence
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Borrower
B••• A••••••••• C•
group grade Con a schedule nowsponsor unattributed
Also written as: BankCard USA Merchant Services Inc.
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
101¢ · 101¢ · 102¢ · 102¢ · 101¢Q2 2025 to Q2 2026
Principal held
at least $7.4M
sum of BDC pieces, a lower bound
Fair value
$7.4M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Apr 10, 2029
no dated debt inside 24 months
On the tape since
Jun 30, 2024
latest Jun 30, 2026
Events
0
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2026, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| W••••••••• F••••••• I••• | $7.39M | 101¢ | -1 pts |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| W••••••••• F••••••• I••• | term loan first lien F•••• L••• S•••••• T••• L••• | $7.1M | $7.1M 101c | SOFR+650 bp |
| W••••••••• F••••••• I••• | revolver first lien F•••• L••• S•••••• R•••••••• L••• | $276,000 | $283,000 104c | SOFR+650 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien | at least $7.1M | 101c | SOFR+650 bp | Apr 10, 2029 | 1 |
| first lien revolver first lien | at least $276,000 | 104c | SOFR+650 bp | Apr 10, 2029 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2026 | 1 | $7.4M | $7.4M | 101c | 0 |
| Mar 31, 2026 | 1 | $7.5M | $7.5M | 102c | 0 |
| Dec 31, 2025 | 1 | $7.7M | $7.6M | 102c | 0 |
| Sep 30, 2025 | 1 | $7.8M | $7.7M | 101c | 0 |
All 9 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $7.9M | $7.8M | 101c | 0 |
| Mar 31, 2025 | 1 | $8.0M | $7.9M | 101c | 0 |
| Dec 31, 2024 | 1 | $8.2M | $8.2M | 102c | 0 |
| Sep 30, 2024 | 1 | $8.6M | $8.4M | 101c | 0 |
| Jun 30, 2024 | 1 | $8.7M | $8.5M | 100c | 0 |
What changed
No non-routine event yet: the borrower has been held without a facility-level change since it appeared.
Every change including routine onesSponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- B••• A•••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived